The URL can be used to link to this page

Home My WebLink About1526! l l'' - `•' - 8. In~p~ot~oa. Iwadar m~y mak~ oz caw to b~ mad~ eruonabb ~atrie~ npon aad iaip~ctio~u of t1H V~'oD~b~. O~d that Iwnd~ ~haU ~iw Bo~ow~e notia peia ~o aqy snch iiup~dion ~dyln~ r~a~onabl~ c~w~ th~tar telated to Iwndu'~ int~rNt ia tl-~ Proqe~jr. 9. Cood~ma~tlon.'Ibe prooNd~ oi any awud or claim for dum~M. dinct os oou~puential, ia conn~tioa with aqy ooad~mn~~iou ae oWu ta~ o~ th~ Pz'oD~RY. a patt th~rwt. o: fo: ooawyu-a in 8w oi oond~nnatloa. ars b~e~sbY a~n~d and ~h~Jl M yaid 1o IwndK. In tb~ wa~t oi a total taktns of th~ Proyerqr. th~ proasd~ ~hall be applied to the ium~ Ncurd by thi~ Moet~~, ~rith the ~zaM. it+~-. p3d io Hoero~nr. In ~ rwnt ct a pu~id t~ldnt oi th~ Prop~e~y. ualea Ho:row~e aad IwndR oW~rwia~ s~r~s ia rinitie~, ~n ~hall b apytl~d b t!~ wa~ Ncnnd by thi~ Moet~a~ ~uc!- p'uPatioa of tlu pe~oceed~ ~u i~ eQwl to that ~on which We amawt d tbe ~nm~ Mcund bq thta ~[aeta~e i~diat~lY P~or to th~ dat~ of takia~ bean to ths fais market valne of ih~ Proputy imn~diat~r priorto tb~ dat~ of taldsy. witl~ th~ b~lana a[ th~ yroaed~ p~id to.Boreorwr. • If th~ Prop~eqr i~ abaadond by BoerowK. or i~ atbs noNo~ by Lsnda b Borro~ tlu~t ths oond~maor olYer~ to meke an a~rard or NtW a claim tor dam~. Horrow~r faW to rN~oad to Iwada wlthin 90 day~ alt~r !h~ dat~ ~uch notia b mailed, L.~d~c is au~oris~dto ooibct ~nd ~pply ~u pcoo»d~ at Iwad~'~ oD~ion. ritbK b rMeoratlon oe r~pair of th~ prop~ey ~ to th~ ~nm~ aecnrd by sbi~ Martsa[~. Un1~ Iwa~Me aad Borro~ oth~ewlN ~~ ia Mrritln~. ani- such applic~~ion oiproo»d~ to prlndyal ~hall not ea~tea~d a: postpoa~ t~ dw d~t~ ot th~ monthbr in~tallm~-t~ nfierd Lo in para~nph~ 1 and 4 h~rsof or chat~s tb~ ~mount of ~ncb inavllm~nt~. " 10. Horrowrer Not Rele~Nd. B~ten~ion ot the time for paymaat or modilicatioa of amostisatioa of the snau ~scured by thi~ Atoets~ ~anted by Iw~ndK to any suoow~or in inttrwt oi Borrower ~hall not operate to releus. in any maaa~ar. the liability ot t~» o~i~insl Bo:rower aad Borrower's wcce~aor~ in intere~R Iwnder shaU not bs required to ocmmence prooeedin~ a~atiut ~uch auoceror or rdu~s to ert~nd dme far p~ym~t os othenviae modity uaortisation of the ~um~ ~ecured by thu Mort~a~e by reawa of aqy d~nand mad~ by the osi~ind Boerower and Bo~o~ver'~ ~uoce~w» in int~rat. . ~ . ., ' 11. Forbear~nos b~- Iw~dsr Not a Wdvur. Any forbsarance by Leuder in es~idns euiy ri~ht ~ ~' ~. i~mdY herpu-dsr, or oth~wis~ a![osded by applicaWe l~w~ shaU not be a wa{ver of or preclude the e:~rd~e of any ~nch si~ht or remedy. The procnr~o~e~t of irunranos a th~ paymeat of taxe~ ar oth~r lie~s ar chu~e~ by Lsnd~ ~hall not bs a waiver of Lst-d~r'~ rlsht b aoalerate the mstutity at tM ind~btedn~ ~~curad by thi~ Maart~a~a 12 Remedies Cnmalwtire. AU nmedie~ provided in this Mort~a~~ are di~tinct and cumulativs to aqy othes ri~ht or rsmedy und~ thi~ Mort~as~ c~ atrordsd by l~wr or puiqr~ wd m~y bs ex~ci~al ooncusrent~y. indepe~deatly or ~uoosssively. 13. 8noos~aor~ ~nd Awfpu 8ound= Jolnt and 8evsral Liabilit~-; Captlosu. The oovenant~ ~nd e~reemeat~ h~rein oont~ined shall bind. and the ri~hta bereander ~hall inura to. tbs rapectivs succa~or~ and a~d~ru of Lead~r and Borro~v~r, ~ubject to th~ providoa~ c[ para~nph 17 hereoL All oov~anta aad a~resmenta oi Horrower ~hall be joint sad Nveral. Tbe captloa~ wd headin~i of th~ par~raph~ of thi~ Mat~a~e are for oovenima only and ara not to be ~ed to int~rrpret or d~fne ths provision~ h~eoL 14. Nodce. Exospt for any notioe required under spplicable law to bs ~iv~ in uwthor manner~ (a) u-y aotioe to Borrowar pmvided for in thi~ btort~a~e ahall be Qivea by mailin~ such notias by osrtil~ed mail addra~sd to Borro~rer at the Propurty Addses~ or at sncb othsr addt+e~s ar Borrowe~ may de~nate by aotios to Lender ar p~ovided hersin. and (b) any notioe to Lenda~ shaU bs sivea by aerti~ed mail. ratorn reoeipt requ~sted, to Lendes's addrea atated hereia or to ~uch other addrew e~ Lende~ may de~i~nate by notios b Borro~rer a~ y~+ovided hee+sin. Aqy notice p~ovided for in thi~ Mort~aae ~hall be deemed to have besn ~iven to Botrower or Ieader ~rh~ ~ivsn in the mannar ded~nated bee~ein. 1 b. Unitorm Mort~a~e; Governin~ Law; $everabUity. Thi~ form of mort~a~s oaasiaes uniform oovenant~ fa~ aation~l ws and noa- uniform oove~enw with timieed variaaon, by iwrt.dicaon so oon.acu~e a un~form.scurity inscrumeAc oo~erin~ reai y~oy.rty-. ~~~ ~hall be ~overncd b~ the lawr of the jn:iidiction in which the Property u located. In the event that anq provision or clsuse oi tl~i~ Mort~a~~ ot ths Note ~cntlicta with applicable law. such contlict shall not eifect other provi~ioa~ of this Moet~a~s or the Note wldc6 can bs ~Iven eited wiWout tbe oonilictin~ ¢~9~ion. aiid io t6iii end the provilioiu of the MortQaQe and tbe Note are declared to b~everable. 18. Bore~ower ~ Cop~. Bosro~ver ~hall be fnini~hed d con~brn~ed oopy of the Nots aad of tbL Mo:t~a~s at ths time of acecntion or att~ recordatioa ha:eof. ~, 1'I. Ttan~fer oi the Propertp; AMUmpdon. U ell ar any part of the Property or an inters~t We~rsin ia wld or trenafe:red by Borrower ~nthont I.end~r'~ prior a-rittsn coasent, e~cludina (e) the creatioa of a lien or eacumbrance ~ubordinate to t~ir Mast~a~e. (b) the creation of ~ ~? pnrcheae moaey ~scndty int~erest for howehold applianoe~. (c) a tran~ter by devLs. de~oent or by opsration of la~v npon the deatli of a joint ~~ ~'lteaant or (d) tlie Qrant of any lea~ahold interaat of thres year~ or lea not oontainin~ an option to purcha~s. Lead~ may. at I.~de~a opNon~ ~'~ declsre all the sum~ ~ecnred by tLi~ Mort~aQe to be immediately due aad payable. L.~de~r ~hell have waived wch option to aooelerats if. prior to tbe ~ale or tsaasfes. Lend~ and the person to whom ths Property iu to be wid or tran~ferred reech a~resm~t in writin~ that the credit oisnch payon i~ ~uti~facwry to Lender and that the intsrest payable on the ~uma ~ecured by thi~ Mortga~e ~hall be at ~ncb rate_ as I.ender ~hall reque~t. If I.ender hes waived the option to aaxlerate provided in thi~ paragraph 17. and if Borrower's snocessor in intere~t hu esecuted a writtea awumptioa agreement aooepted in writing by Lender, Lender ~hall nlease Borcower trom all obli~atioas ander thi~ Mort~a~e and the Note. - If Lendar ezerci~ such option to accelaete, Lender shall mail Borrower aotioe of accelezation in aooordance writh pars~raph 14 he~eoL Such notice ~hall provide a period of not lew than 30 days from the date the notice u mailed within which Borrower may pay the ~ums declared due. If Borrower faiL to pay such auma prior to the e~cpiration of such period. I.ender may, without ll~rther notioe or de~nand on Borrowa~ invoke any remedies permitted by paragraoh 18 hereof. i& Aaseleratlon; Remedies. E:cept a~ provided in para~raph 17 hereot, upon Borrower'~ breach of aay oovenant or a~reement of Borrower in this l~ort~a~e. includin~ t6e ooveaants to pay when due an,y ~uma ~ecured by t~~i~ Hort~a~e, Lendee prior to aooslaration shall mail notice to Borro.ver as provided in pora~raph 14 hereof specityin~: (1) the breach; p) the adion reqnired to cnre mch breaclr. (3) e date.pot lew Wan 30 da~-~ lk~om the date the notice b matled to Horrower. b~ ~vhicb ~ncL breach mnst be cured; snd (4) that tailure to cnre suc6 breach on or before the date speeifled iu t6e notloe my sewlt in sooeleration ot the wms ~ecured by thb l~ort~age. toreclo~ure by f udicial prooeedf n~ ~nd ~ale of the Property. The notke ~hall ttirther iatorm Borrow•er ot the ri~ht to rein~tate atter aooeler~tion and t6e ri~ht to awert in the toreolo~ure prooeedin~ the non-eziaLenoe of a defaalt or any other defense ot Borrower to sa:eleration and foreclosure. If the breach b not cared on or betore the dste ~pec[fled in the notice. Lender at Lender'~ option may declare ~U of the ~ums ~ecured by thb ltort~a~e to be immedietely due and payable without further demand end may toreclose thia l~ort~a~e by )udicial prooeedin~. Lender ~hall be entitled to oolted in snch procecding all e:pen~e~ of toreclosure, includin~. but not limited to. reasoaable attorney's fee~, aad owta o[ documentarp evidenoe, ebstracts and titte reports. 19. Borrowrer'~ Risht to Itetn~tate. Notarithstanding Lender's acoeleration of the ~ums secured by this Mort~a~e. Borrowar ~hall havs tbe ri~ht to have any pmoeedings begun by Lender to enfosce this Mortgage disoontinued at eny time prior to entry of a jud~meat enforcin~ thia Ma~e~e if: (a) Bosroaer pay~ Lender all sums which would be then due uader thia Mo~gaQe. the Note end note~ ~ecutins Fhtnrs Advanoe~. if any, had no aeoekration ooc.vrred; (b) Borrower cnres all breaches of any other ooveneat~ or a~e~ts of Borrowrr oontained in t6is Mortaage; (c) Borrower pay~ all reasonable expensea incurred by Lender ia enforcing the oov~nsnts and a~z+eementa of Borrower aontained in tbi~ MortQage and in enforring Lenda's remedies aa provided in paragreph 18 hereo~ includins, bnL not limited to, re~onabls ~ttorney's feer snd (d) Borrawer take~ ~uch action as I.ender may reasonabiy require to awure that the lien of thi~ Mart~a~e, Ieade~~ interat in We Propiaty and Borrowe~~ obligation to pay the suma aecored by this Mortgage ehaU contiaae unimpaired. Upon ~nch p~ymeat and c~te+e by Borrowa, thi~ Mort;a~e and the obligations savred hereby shaU r~sin in full foroe and effect as if no aooeleration had oocurred. 20. Aa~ip~ment ot Itents; Appointment ot Beoelver. As additional security hereunder, Borrowrr henby awi~n~ to Leader the renta of the Pcoperty~ pmvided that Borrovrer ~hall. prior to accrleratioa under paragraph 18 hereof or abandonmeat of the Property. have the ri~ht to ooUed and retain such rents ai they beco~ne due and payable. Upon aoceleraaon ander paraQraph 18 hereof or abaadonment of the Property, Lender shall be eatided to have a reoeiver appointed by a oourt to enter~pon. take po~ion of and menage the Propaty and to ooUect the rents of the Property~ including Lhwe paat dne. All ssatr aollected by the reoeiver shall be applied first to payment of the oosta of management oithe Property and oollection of r~ts, includint~ bnt nd limited to, reoe'svd~ fees. premiuuu on reoeiver'~ bond~ and reasonable attorney's feea, and thea to the suma ~ecared by thia Mott~a~a.lbe reaiver ~hall be liable ~o acoount only for those renfa actually received. B~~~O PACE~S~ i ~ ~ ~.,~ ~ .. ..~~ ..~~ ~ _ ~," ~.., _ _ ~ ~ ~ .~ ~.':'~ ~,~